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Old 12-29-2002, 05:26 PM
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Fvstringpicker Fvstringpicker is online now
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Join Date: May 2002
Location: columbus, georgia
Posts: 7,423
Just to clarify my above post. I used equipment and assets interchangeably. Certain assets, (land), are not deductable.
You also have a choice of whether to take the deduction for depreciable assets as a one time write off under section 179
( within limits) or as depreciation over their useful (depreciable) life. Defining useful life for tax purposes is a whole new ball game.
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